Your parents could purchase stock certificates, bonds, certificates of deposit, or other investments in Eric's name with your parents as custodians. The first $ of any income is not subject to tax, as Eric is allowed a $ standard deduction. The next $1,100 of any income is subject to Eric's marginal tax rate (likely 10%) . Income above $2,200 is taxed. This option provides flexibility while removing the income from your parents' high marginal tax bracket.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability